LEGAL 23

PS pages 1-19 Chapter 1 – Deals, Lawyers, and Basic Contract Concepts Interpreting Contacts (and Drafting Them) The Six Things that happen in a Contract  Interpreting: figuring out what another lawyer’s drafted words mean  Drafting: creating rules  First Step – decide what is happening in each sentence o Covenant: a promise to do or not do something  Creates a duty (obligation)  Affirmative – the party must do something  Negative – the party must not do some...